Inside the Bidding War for Anadarko

The transcript discusses Occidental Petroleum's (Oxy) bid for Anadarko, highlighting the strategic advantages and synergies compared to Chevron's offer. It explores the unusual nature of hostile deals in the energy sector, referencing past instances like Exxon and Texaco. The focus is on Oxy's attempt to appeal to shareholders by emphasizing its strong portfolio and strategic fit in the Permian Basin, while Chevron remains silent on counteroffers.

What is Occidental's main strategy in its bid for Anadarko?

• To diversify into offshore oil

• To create a pure play in the Permian

• To expand into renewable energy

• To acquire LNG facilities

Why did Anadarko initially choose Chevron over Occidental?

• Occidental was not interested in LNG

• Occidental's offer was not enough for the board

• Chevron had a better offshore portfolio

• Chevron offered more synergies

What additional benefit does Anadarko provide to Occidental?

• A larger LNG facility

• More acreage in the Permian

• Increased renewable energy assets

• Access to offshore oil fields

Which aspect of Anadarko's portfolio might not align with Occidental's interests?

• DJ Basin diversity

• Permian Basin assets

• Offshore oil and LNG facilities

• Onshore oil fields

What historical event is compared to the current bidding war for Anadarko?

• Chevron's acquisition of Unical

• Texaco and Pennzoil's battle

• Exxon's acquisition in Papua New Guinea

• BP's merger with Amoco